Chart of the Day

If you're wondering why we've stepped up the volatility reminders of late, it's not because we're feeling bearish these days (in fact our data says stocks remain solidly in an uptrend), it's because we've been doing this a very long time. And, thus, we've learned that even the best of bull runs are replete with multi-point pullbacks. And, per the chart below, it's been awhile since the market's experienced even your garden variety 5% hit.

So, don't worry, we'll get back to normal (volatility)... And don't worry when we do...

click to enlarge...


P.s. I'm out of the office this week and will have spotty signal -- in case you reach out and I don't immediately reach back...